"… When it is evening, ye say, It will be fair weather: for the sky is red. And in the morning, It will be foul weather to-day: for the sky is red and lowering. O ye hypocrites, ye can discern the face of the sky; but can ye not discern the signs of the times?" The Holy Bible
"Many a so-called wise economist ... had not studied past history enough to know that after the greatest advance in history had culminated … the greatest panic in history must follow ... " W. D. Gann

Donald Trump's victory is nothing short of a revolution: An era that stretches back to Roosevelt has come to an end. America’s lawmakers must resist falling into line, and challenge the new administration at every turn (The Guardian) Donald Trump Is Elected President in Stunning Repudiation of the Establishment (The New York Times) AN AMERICAN TRAGEDY (The New Yorker)

Q&A: What does Donald Trump’s Presidential victory mean for the economy? (The Telegraph)

Here Is What Donald Trump Wants To Do In His First 100 Days (National Public Radio) Trump election raises big questions for ObamaCare, immigration, Supreme Court (FoxNews) Factbox: Top goals for President Trump, hurdles in front of him (Reuters)

Republicans keep control of Congress (CNN) Democratic Party in crisis: ‘It could get worse before it gets better,’ says one senior Dem aide. (Politico)

GM to lay off 2,000 workers at two U.S. plants due to slowing sales (Reuters)

Lloyds Banking Group to close 49 branches and cut 665 jobs: Mobile vans being launched to visit affected communities but unions say reductions will have impact on customers (The Guardian) The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.